Vijay Mallya arrested in UK in PMLA case, gets bail
3 Oct 2017 6:45 PM GMT
London: Liquor baron Vijay Mallya was arrested in London on Tuesday for the second time this year before being released on bail, in a case of money laundering filed by the Enforcement Directorate. Mallya was out on bail after his arrest in April following India's extradition request.
The 61-year-old tycoon, who has been staying in the UK for over a year now, is accused of defaulting on loans worth thousands of crores in India. He slipped out of the country in March last year, amid attempts by a group of banks to recover more than Rs. 9,000 crore loaned to him for his now-collapsed Kingfisher Airlines.
India made an extradition request in February to Britain to send back the businessman to face trial. Indian agencies followed up the request with a 2,000-page dossier as evidence against Mallya.
Last month, the fugitive submitted his response to India's request in a large box which had four reports. The extradition case will be taken up in December.
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